Al-Kazemi’s advisor presents a proposal to counter oil price fluctuations
Economie Yesterday, 15:55
Baghdad - conscious - Nassar al-Hajj
Today, Monday, Adviser to the Prime Minister, Mazhar Muhammad Salih, announced a mechanism to invest in the rise in oil prices, while presenting a proposal to confront price fluctuations.
Saleh told the Iraqi News Agency (INA): "The hypothesis of a rise in oil prices to annual rates of approximately $125 per barrel and over multiple years, requires opening the budget to employment-generating and income-generating projects, whether from the state's investment budget or supporting the private sector's investment and productive activities. soft loans from budget revenues.
He stressed, "the importance of hedging the risks of price fluctuations through a fund or account concerned with the stability of the budget and is fed annually with a percentage of the surplus oil revenues, to face the risk of low oil prices in unexpected future conditions on the activity of public finances and within the cycle of oil assets."